The Buffalo Niagara region added jobs for the seventh straight month during March as recently reported by the state Labor Department. Despite steep job losses throughout the recession, the region has added 2500 jobs over the last year -- a 0.5% annual increase -- that is being fueled entirely by grown in the private sector, especially among local service firms. That growth is allowing the region to absorb continuing job losses in manufacturing and job cuts at government entities and local schools.
The private sector job growth accelerated to a 0.9% annual rate during March with hiring by retailers and for business and professional services jobs fueling much of the growth. Despite a 16-month slump, the local job market has added jobs each month since August 2010, and 10 of the last 12 months.